Cheap Homes for Rent in the Alameda Neighborhood of Tempe, AZ from $600 (52 Rentals)

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Search the lowest-cost Homes available for rent right now in the Alameda area of Tempe.

property at 505 W Howe St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

5 Bedroom, 2 Bath Home for Rent

Available Now

505 W Howe St

TempeAZ85281
property at 521 W 5th St

$850

1 Bedroom, 1 Bath Townhome for Rent

Available Now

521 W 5th St

TempeAZ85281
property at 1409 S Mill Ave

$925 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,350

Total Monthly Price
$925 - $1,350

Studio To 2 Bedroom Condos for Rent

Available Aug 15

1409 S Mill Ave

TempeAZ85281
property at 907 E Broadmor Dr

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

907 E Broadmor Dr, Unit Room #1 Twin

907 E Broadmor Dr
TempeAZ85282

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property at 1718 S Longmore

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Townhome for Rent

Available Now

1718 S Longmore

MesaAZ85202
property at 722 E Encanto Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

3 Bedroom, 3 Bath Home for Rent

Available Now

722 E Encanto Dr

TempeAZ85281
property at 1200 S Farmer Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

1200 S Farmer Ave

TempeAZ85281

Rent According to Income: A Look at Income-Restricted Rentals

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property at 407 W Howe St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

407 W Howe St

TempeAZ85281
property at 731 W University Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Aug 15

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 600 S Dobson Rd

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 1 Bath Townhome for Rent

Available Now

600 S Dobson Rd

MesaAZ85202
property at 540 N May

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 2 Bath Condo for Rent

Available Now

540 N May, Unit 2081C

540 N May
MesaAZ85201

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

property at 34 W Concorda Dr

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

3 Bedroom, 2 Bath Condo for Rent

Available Now

34 W Concorda Dr, Unit 103

34 W Concorda Dr
TempeAZ85282

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Alameda, Tempe, AZ Local Guide

Cheapest Available Alameda Apartments for Rent

 

The cheapest available apartment rental in the Alameda area of Tempe, AZ is a 1 Bed unit found at Manhatton priced from $750. District at Fiesta Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Alameda apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Manhatton1/11BR,1BA$750
District at Fiesta ParkA1: 1 Bed 1 Bath1BR,1BA$895
Riviera PalmsStudioStudio,1BA$899
Aster on UniversityS1 RStudio,1BA$899
Thrive Tempe Apartments1x11BR,1BA$899
University Pointe ApartmentsStudioStudio,1BA$899
Sentry TempeKonaStudio,1BA$906
Paseo on University1 Bedroom Apartment Near ASU Tempe1BR,1BA$918
The Link ApartmentsOne Bedroom East - Classic1BR,1BA$920
SoL4BR/4BA - Horizon4BR,4BA$920

Best Value Apartments for Rent in Alameda, AZ

As of August 02, 2026 the best value apartment in the Alameda area is the $0.43 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $799. The second greatest value Alameda apartment is the 2 Bedroom 2 Bath Unit Model at The Howe Apartments starting at $1,799 with a $1.13 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Alameda apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.43
The Howe Apartments2 Bedroom 2 Bath Unit2BR,2BA$1.13
Villa Real2 Beds, 2 Baths2BR,2BA$1.29
Tempe Horizons2 Bed/2 Bath2BR,2BA$1.36
SoL2BR/2BA - Golden Cove2BR,2BA$1.18
Sago GardensSingle Story2BR,1BA$1.21
Sycamore Square Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.39
The Heights on Lemon2 Bedrooms, 1 Bath2BR,1BA$1.35
The Morrison ApartmentsB2 Signature2BR,1.5BA$1.39
MadEry ApartmentsSaguaro2BR,1BA$1.35

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Alameda, Tempe, AZ

Ranked #1

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Alameda

What type of rentals are currently available in Alameda?

There are currently 446 Apartments for Rent in Alameda, AZ with pricing that ranges from $676 to $12,750. There are also 301 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alameda ranging from $699 to $7,500.

What is the current price range for Rental Homes in Alameda?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alameda ranges from $699 to $7,500 with an average monthly rent of $2,659.

How much are larger Three and Four Bedroom Rentals in Alameda?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Alameda range from $801 to $10,066, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,125 and Four Bedroom Apartments start at $676.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.